Search results for iM Financial Group
Finance
iM Bank signs MoU with Daegu and KODIT, pledges 1.5 billion won
iM Bank said on Feb. 26 it signed a financial support agreement with Daegu and the Korea Credit Guarantee Fund to foster small and midsized companies engaged in local strategic industries. The deal is part of iM Financial Group’s plan to supply 45 trillion won in productive finance over five years. iM Bank will contribute a total of 1.5 billion won, funding 40.2 billion won in guaranteed loans. Daegu will provide interest support of 1.7 percentage points for two years.
Finance
iM Financial hits record high share price, market cap nears 3 trillion won
iM Financial Group said on Monday its shares closed at a record 18,510 won, the highest since the holding company was established in May 2011. The close surpassed the previous record of 18,100 won set on Sept. 12, 2014, and its market capitalisation climbed to 2.97 trillion won, nearing 3 trillion won. The group said it will buy back 40 billion won of its own shares by June for additional cancellation and outlined progress on a longer-term buyback plan through 2027.
Finance
Korea to deploy 1,240 trillion won in productive finance over 5 years; private sector share rises to 614 trillion
South Korea and the financial sector will supply a total of 1,240 trillion won in productive finance over the next five years, expanding support from private finance to 614 trillion won. The Financial Services Commission reviewed implementation plans at a consultative meeting chaired by Vice Chairman Kwon Dae-young. The monthly forum will monitor tasks on a project basis. Financial groups, brokerages, insurers and policy lenders shared investment and funding plans and organisational measures.
